Define following, Due care, caveat emptor, caveat vendor.

1) Difference between concordance and law and order orientation ( page 9)

2) Commercial advertising and its primary function? (page 108)

Ans:

Communication between a seller and potential buyers that is publicly addressed to a mass audience and is intended to induce several members of this audience to buy the seller’s products. The implication is that the defining function of advertising is to provide information to consumers.

3) Affirmative action (utilization analysis)? with example (page140)

Ans:

Affirmative action programs, in contrast, call for positive steps designed to eliminate the effects of past discrimination. Such programs are now legally required of all firms holding government contracts. Affirmative action programs begin with a detailed study, a "utilization analysis" of the major job classifications in an organization. The analysis is designed to discover whether there are fewer minorities or women in a particular job classification than could reasonably be expected. If the analysis shows that women or minorities are underutilized, then the firm must establish practices to correct these deficiencies.

4) According to due care theory who is responsible for (due care) explain with example? ( page 104 )

Ans:

The due care theory of the manufacturer's du ties to consumers is based on the idea that consumers and sellers do not meet as equals and the consumer's interests are particularly vulnerable to being harmed by the manufacturer, who has a knowledge and an expertise that the consumer lacks. Because manufacturers are in a more advantaged position, they have a duty to take special care to ensure that the products they offer do not harm the consumers' interests. Due care must enter into the product's design, choice of materials and construction methods,

quality control, and warnings attached to it. Failure to exercise due care in these areas is a

Psychological privacy is privacy with respect to a person's inner life. This includes the person's thoughts and plans, personal beliefs and values, feelings, and wants. These inner aspects of a person are so intimately connected with the person that to invade them is almost an invasion of the very person.

Physical privacy is privacy with respect to a person's physical activity.

6) Locke criticism on major four weaknesses of utilitarian?

7) Resource depletion and its causes? (page 66 )

Ans:

Resource depletion refers to the consumption of finite or scarce resources. In a certain sense, pollution is really a type of resource depletion because contamination of air, water, or land diminishes their beneficial qualities.

Air pollution has been with modern society for nearly 200 years; its costs are increasing greatly. It negatively affects agricultural yields, human health, and global temperatures. The result is a large economic impact and a staggering effect on the quality of human life.

Global warming itself poses a difficult and frightening challenge. Global warming greenhouse gases such as: carbon dioxide, nitrous oxide, methane, and chlorofluorocarbons, are gases that absorb and hold heat from the sun, preventing it from escaping back into space, much like a greenhouse absorbs and holds the sun's heat.

Ozone depletion is also a serious concern. Caused by the release of CFCs into the atmosphere, ozone depletion may lead to several hundred thousand new cases of skin cancer each year and destroy many valuable food crops

mcq’s

1) The strength of virtue is that

It fits in our daily life

2) According to Kohlberg’s research pre conventional sages are

Adulthood

Adolescence

3) One mCQ’s about normative study

4) Deceptive actions are (bait and switching)

5) In design process who is not responsible?

Manufacturer

Seller

Consumer

Limit of growth published in? 37 languages

Theory states if the manufacturer can discover the risks that attend the use of a product before the consumer buys and uses

Due care theory

6) ASA stand for? Advertising standard authority

7) GALBRAITH TAUGHT AT HRWARD UNIVERSITY IN YEAR?

8) Friedrich book name? the road to serfdom

9) Hayek well known critique on Galbraith 1961

10) 3 mcqs from honesty truthfulness page 131

13) Wrongful discrimination or distinguishing among people on the basis of prejudice not on merit?

ans:

Because in order to induce consumers to buy more in a market, price must be reduced. With a lower price, more consumers will be willing and able to purchase the good. 2) product safety, consumer safety

Ans:

In the market approach to consumer protection, consumer safety is seen as a good that is most efficiently provided through the mechanism of the free market whereby sellers must respond to consumer demands. If consumers want products to be safer, they will indicate this preference in markets by willingly paying more for safer products and showing a preference for manufacturers of safe products while turning down the goods of manufacturers of unsafe products. 3) Elements of employment discrimination

Ans:

Discrimination in employment involves three basic elements:

1. It must be a decision not based on individual merit.

2. The decision must derive from racial or sexual prejudice.

3. The decision must have a harmful impact on the interest of employees. 4) mixed economy and its element :'(

Ans:

Economic system in which land, factories, and other economic resources are more equally split between private and government ownership. Government controls economic sectors important to national security and long-term stability. Generous welfare system supports unemployed and provides health care. 6)puffery nd fraud difference

Ans:

Puffery, therefore, was a form of opinion statement, and considered un-regulable. Some observers have expressed concern that the "puffery defense" was a loophole through which many deceptive claims fell. The Commission has been criticized for allowing deceptive claims to slip through under the guise of puffery. On the other hand, the FTC has defined puffery as claims that (1) reasonable people do not believe to be true product qualities, and (2) are incapable of being proved either true or false.

4. Contractual theory. why customer coerced.

Ans:

Contractual theory of business' duties to consumers cl aims that a business has four main moral duties: the basic duty of (a) complying with the terms of the sales contract, and the secondary duties of (b) disclosing the nature of the product, (c) avoiding misrepresentation, and (d) avoiding the use of duress and undue influence. By acting in accordance with these duties, a business respects the right of consumers to be treated as free and equal persons—that is, in accordance with their right to be treated only as they have freely consented to be treated.

what are the condition necessary for deception 3 marks page 109

If deception is the creation of a "false belief" about the product in the mind of a consumer, claims that fall into the FTC definition of puffery cannot be deceptive. By definition, such claims can be neither false nor can they create belief.

Assumption of the Galbraith Affluent society 5 marks.

Ethics of care related to the importance of relationship and morality of care is related to the understanding of relation. Tell both terms are same or justify it. 5 marks

Ans:

Ethics of care, an approach to ethics that many feminist ethicists have recently advanced. According to this method, we have an obligation to exercise special care toward the people with whom we have valuable, close relationships. Compassion, concern, love, friendship, and kindness are all sentiments or virtues that normally manifest this dimension of morality. Thus, an ethic of care emphasizes two moral demands:

We each exist in a web of relationships and should preserve and nurture those concrete and valuable relationships we have with specific persons.

We each should exercise special care for those with whom we are concretely related by attending to their particular needs, values, desires, and concrete well-being as seen from their own personal perspective, and by responding positively to these needs, values, desires, and concrete well-being, particularly of those who are vulnerable and dependent on our care.

Q1 Eco-feminist and social ecology 3 M

Ans:

Social ecology as "social" is its recognition of the often overlooked fact that nearly all our present eco logical problems arise from deep-seated social problems.

Q2 name the bodies of regulatory system 3M

Ans:

The self-regulatory system comprises three bodies: the Advertising Standards Authority (ASA), the Advertising Standards Board of Finance (ASBOF) and the Committee of Advertising Practice (CAP).

Q3 Deception Advertisement 3M

Ans:

Deceptive advertising takes many forms: the "bait and switch," untrue paid testimonials, or simulating brand names are all forms of deception. There is no controversy over whether or not deceptive advertising is immoral: it clearly is. The problem is to understand how advertising becomes deceptive.

Q5 In free market two feature are not in consumer market explain them 5 M

John Kenneth view of advertising

Eco-feminism:

Eco feminism connects the exploitation and domination of women with that of the environment, and argues that there is a connection between women and nature that comes from their shared history of oppression by a patriarchal Western society.

Assumptions of comparative advantage theory:

Ans:

The assumption that individuals have natural rights

The conflict between natural (negative) rights and positive rights

The conflict between natural rights and justice

Individualistic assumptions and their conflicts with the ethics of caring

Duty to comply of contractual view of relationships

Ans:

In the contract view of business' duties to consumers, the relationship between a firm and its customers is essentially contractual. When we purchase an item, we enter voluntarily into a "sales contract" with the firm, who then has a duty to provide a product with the characteristics they have agreed to supply. Consumers therefore have a correlative right to receive the product they have been promised.

3. Discuss Galbraith's Phrase “conventional wisdom". (5 Marks)

Ans:

Maintaining the expectations of one's own family, peer group, or nation is now seen as valuable in its own right, regardless of the consequences.

1. Interpersonal Concordance Orientation - Good behavior at this early conventional stage is living to the expectations of those for whom one feels loyalty, affection, and trust, such as family and friends. Right action is conformity to what is generally expected in one's role as a good son, daughter, brother, friend, and so on.

2. Law and Order Orientation - Right and wrong at this more mature conventional stage now come to be determined by loyalty to one's own larger nation or surrounding society. Laws are to be upheld except where they conflict with other fixed social duties.

8. What dose Kant mean by "treating humanity i an end"? (3 Marks)

Ans:

What Kant means by "treating humanity as an end" is that everyone should treat each human being as a being whose existence as a free rational person should be promoted.

1) What is ethics, personal ethics and accounting ethics?

Ans:

The term ethics has a variety of different meanings. One of its meanings is: "the principles of conduct governing an individual or a group”. We sometimes use the term personal ethics, for example, when referring to the rules by which an individual lives his or her personal life. We use the term accounting ethics when referring to the code that guides the professional conduct of accountants.

2) The theory of Affluent society.

Ans:

The Affluent Society, he laid out a case for a powerful welfare state. He has written in

some of the most prestigious publications of our society, including The New York Review of Books, The New York Times, American Prospect , Dissent, The Nation and so on.

Attention Related Final Term papers Spring 2013: All Fellows You don’t need to go at any other site for current Final Term papers Spring 2013, Because All discussed data/sharing of our members in this discussion are going from here to other sites. (Other sites Admins/mods Copy from here & posted at their sites with fake IDs or original name: p). you can judge this at other sites yourself. So don’t waste your precious time with different links.

Attention Related Final Term papers Spring 2013: All Fellows You don’t need to go at any other site for current Final Term papers Spring 2013, Because All discussed data/sharing of our members in this discussion are going from here to other sites. (Other sites Admins/mods Copy from here & posted at their sites with fake IDs or original name: p). you can judge this at other sites yourself. So don’t waste your precious time with different links.

TOTAL 64 QUES!!!56 MCQS!!!8 SUBJECTIVE QUES!!!4 OF 3 MARKS!!!4 OF 5 MARKS QUES!!!IMPLEMENTATION OF TECHNOLOGY CHANGES BY NATIONAL N INTERNATIONAL POLICIES!!! WHICH ACTION PLAN IS BENEFICIAL FOR TRANFER OF TECHNOLOGY FROM DEVELOPED TO DEVELOPING COUNTRIES!!!DUMPING N ANTI DUMPING TERMS!!!WTO'S ACTION ON ANTI-DUMPING!!!SEGMENTATION OF BIG MARKET!!!TEXTILE N CLOTHING AGREEMENT!!!URUGUAY CONFERNCE IN PAKITAN DISAPPOINT US!!! HOW??? SKD AND FKD TERMS!!!ONE MORE RELATED TEXTILE N CLOTHING!!!

---------------------------------------------------------------------(Session 7.00 am to 9.00 am PST)As NGOs involve in international trade in recent years and play a role of private sectors. How this private sector is different from standard private sector? 032. What are the drawbacks of introduction of technology on labor intensive industries? 033. Why SMEs of Pakistan are reluctant to submit an anti-dumping case against any country? 03

4. In spite of lofty claims of international organizations about the effectiveness of ISO-9000 standards, do you think that is there any disadvantage of these standards, if yes then enlist some of them? 05

5. In Doha Conference Pakistan presented some objections regarding measures for public health and access to medicines. What are those objections? 056. What are different services that SMEDA offers to SMEs? 05

my today paper mgt 610

there were 64 questions 56 MCQs all are very difficult mostly related to scientist name in which year they give there theory and name their books.define ideology, individual ideology and communicative ideologywht are affirmative action on moral legitimate Is Govt. interaction in market system is good?Is advertisement is waste or benefit? Is it harmful or helpful for consumer?Explain global code of ethics?Principles of professional advertisement?Compare ethics with morality?Eco-feminist ki statement thi us py comment deny thay.

Today Top Members

VU Students reserves the right to delete profile, which does not show any Activity at site nor has not activity more than 01 month.

We are user-generated contents site. All product, videos, pictures & others contents on vustudents.ning.com don't seem to be beneath our Copyrights & belong to their respected owners & freely available on public domains. We believe in Our Policy & do according to them. If Any content is offensive in your Copyrights then please email at m.tariqmalik@gmail.com or Contact us at contact Page with copyright detail & We will happy to remove it immediately.